Why Was the Proposal by Virginia Delegate George Mason for a Bill

question 28

Multiple Choice

Why was the proposal by Virginia delegate George Mason for a bill of rights turned down with little debate in the waning days of the Philadelphia Constitutional Convention in September 1787?

• A)The delegates were simply too hot and tired and wanted to go home.
• B)The delegates believed a bill of rights would discourage a strong and healthy central government.
• C)The delegates thought a bill of rights unnecessary for a government with such limited powers.
• D)The delegates came from the wealthy elite social class and were on the whole against individual rights.
• E)The delegates thought the proposed bill of rights imposed too many limits on the federal government.

Recognize the significance of contestable markets and the effects of potential competition.

Comprehend the importance of well-defined property rights and their impact on resource allocation.

Understand the implications of economic losses and profits on firm behavior and market structure in the long term.

Grasp the role of entrepreneurship and entrepreneurial judgment in business decisions.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to govern and make major decisions for a corporation.

Majority Vote

A decision-making process where more than half of the votes cast by members of a group decide the outcome.

Dissolution Proceedings

Legal processes aimed at dissolving a company, partnership, or other entity, effectively bringing its operations and legal existence to an end.

Abuse of Corporate Powers

Unethical or illegal use of company authority for personal gain or to manipulate or harm others.